7月21日，港A两市机器人板块卷土重来，炒作热度再次升温。 其中，港股的"人形机器人"第一股优必选（09880.HK）领涨板块，盘中一度涨逾9.97%，截至发稿，涨幅5.36%；其它概念股，盛业（06069.HK）涨 2.05%，速腾聚创（02498.HK）、首程控股（00697.HK）、美的集团（00300.HK）均涨超1%。 A股方面，相关概念股也表现不俗。截至发稿，上纬新材（688585.SH）录得9连板，金发科技（600143.SH）、卧龙电驱（600580.SH）、长盛轴承 (300718.SZ)、中大力德（002896.SZ）也录得涨停；朗科智能（300543.SZ）亦冲高，涨幅分别为11.01%。 从消息面看，今日机器人概念股集体飙升，或与近日行业迎来密集的催化有关。 产业层面，人形机器人公司正迎来收获期。7月18日，据中国招标投标公共服务平台发布的《机器人设备采购项目中标公示》显示，优必选科技中标觅亿 汽车的机器人设备采购项目，项目金额为9051.15万元。这是目前全球人形机器人企业中标金额最大的采购订单。 另值关注的是，在产业订单加速落地之际，宇树科技与智元新创均已开展资本化布局。据悉，宇树 ...

Group 1 - Meituan-W (03690) rose nearly 4% as regulatory discussions with food delivery platforms suggest a slowdown in subsidy wars, which may benefit Meituan's user experience rebound [1] - The Yarlung Tsangpo River hydropower project commenced with an investment of 1.2 trillion yuan, equivalent to the construction of three Three Gorges projects [1] - Cement stocks surged in the Hong Kong market, with Huaxin Cement (06655) increasing over 29% following the hydropower project announcement [1] - Stablecoin concept stocks strengthened after Trump signed a stablecoin bill, with Huajian Medical (01931) rising over 23% [1] - UBTECH (09880) saw a nearly 10% increase after winning a major procurement order for humanoid robots worth nearly 100 million yuan [1] Group 2 - Nongfu Spring (09633) increased over 3% as analysts believe the company will benefit from competitive public sentiment, indicating a strong business recovery [2] - Xintong Medical-B (02160) rose over 5% as MicroPort plans to inject its CRM business into Xintong Medical, aiding in the establishment of a heart disease product platform [2] - Oil stocks generally rose, with Sinopec (00386) increasing nearly 4% after Goldman Sachs raised its oil price forecast for the second half of the year [2] - Chinese brokerage stocks remained active, with major brokerages reporting a year-on-year net profit growth of 50%-80% for the first half of the year [2] Group 3 - Netflix (NFLX.US) fell over 5% as investors had overly high expectations for Q2 performance, despite revenue growth of 15.9% year-on-year to $11.08 billion [3] - Interactive Brokers (IBKR.US) rose 7.77% as Q2 profits and revenues increased [4] - Blaize Holdings (BZAI.US) surged 58.75% after securing a $120 million AI infrastructure contract [4] - OpenDoor Technologies (OPEN.US) jumped 36.36% as interest in the platform surged significantly on social media [4] - Talen Energy (TLN.US) rose 24.48% to a record high after announcing a $3.5 billion acquisition of two gas power plants, expected to boost free cash flow per share by over 40% [4] - Futu Holdings (FUTU.US) increased 7% as Barclays highlighted its potential for accelerated growth as a leading online brokerage in Asia [4]

港股优必选早盘一度涨超9%，消息面上，优必选科技拿下人形机器人企业最大采购订单，金额近1亿。 ...

Core Viewpoint - The robotics industry has rebounded strongly due to multiple catalysts such as capital operations (IPOs, backdoor listings), significant order placements, and policy support, shifting market focus towards industry implementation and value exploration within the supply chain [1][4]. Group 1: Market Dynamics - On July 18, Yushu Technology entered the IPO guidance phase, while the Shanghai Stock Exchange updated the IPO progress of Jiekai Robotics to "under inquiry" [1]. - Major domestic robotics companies like Yushu Technology, Zhiyuan Robotics, and UBTECH received significant orders, indicating that domestic humanoid robots are accelerating breakthroughs from technology development to product implementation [1][5]. - The robotics index (884126.WI) rose over 3% last week, reaching a new high since March, with companies like Shangwei New Materials (688585.SH) experiencing a notable increase of 148.84% [1][4]. Group 2: Institutional Interest - Over ten institutional investors conducted research on listed companies within the robotics supply chain, focusing on the value, scale, and market demand changes across various segments such as manufacturing equipment and transmission systems [2][9]. - The research has expanded beyond core components to include the entire supply chain, highlighting the growing interest in the value and market dynamics of the robotics sector [9][10]. Group 3: Recent Developments - The robotics sector has seen a resurgence in trading activity, with the robotics index increasing by 3.1%, marking the highest level since March 27 [4]. - Significant orders were placed, including a 124 million yuan order for humanoid robots from China Mobile, with Zhiyuan New Creation and Yushu Technology winning portions of the contract [5][6]. - UBTECH secured the largest procurement order for humanoid robots, amounting to 90.51 million yuan, indicating strong demand in the market [6]. Group 4: Industry Trends - The robotics sector has transitioned from a phase of speculative trading to one focused on validating product implementation and technological advancements [8]. - As the humanoid robotics industry progresses in technology breakthroughs and application scenarios, institutional investors are increasingly interested in the entire supply chain, including components like grinding tools and robot cables [10][11]. - The value distribution within the supply chain shows that leading humanoid robot manufacturers are positioned at the high end of the value chain, while contract manufacturers benefit from standardized production and quality control [11].

Core Viewpoint - The 2025 World Artificial Intelligence Conference (WAIC) will be held in Shanghai from July 26 to July 28, focusing on AI infrastructure, intelligent terminals, and AI-enabled new industrialization among other key areas [1][2]. Group 1: Event Overview - The WAIC will feature an unprecedented exhibition scale, with over 70,000 square meters of exhibition space and participation from more than 800 companies, over 50% of which are from outside China [1]. - The event will showcase over 3,000 cutting-edge exhibits, including 40 large models, 50 AI terminal products, and 60 intelligent robots, marking the largest scale in the history of the conference [1]. Group 2: Product Launches and Innovations - The conference will highlight innovative products in three main areas: model applications, embodied intelligence, and smart hardware, with numerous first-time launches [2]. - Notable product launches include Siemens' Industrial Copilot, Tesla's Tesla Bot, and various AI applications from major companies like Google, Alibaba, and Tencent [2]. Group 3: Industry Insights - Analysts from Dongwu Securities and Guojin Securities indicate that AI applications are experiencing rapid growth, with significant cost reductions and increasing penetration rates, suggesting a transition into a fast growth phase for the industry [3][4]. - The emergence of AI Agents is seen as a pivotal moment in the software revolution, reshaping various aspects of work and life [4]. Group 4: Company Developments - Baidu has announced the open-sourcing of its Wenxin large model series, marking a significant advancement in the large model field [5]. - Alibaba is collaborating with China FAW to develop a dedicated large model for the automotive industry, aiming to enhance efficiency and drive business transformation [5]. - SenseTime plans to launch its new productivity tools and an embodied intelligence platform during the conference [5]. Group 5: Market Predictions - Horizon Robotics is projected to achieve a compound annual growth rate of 57.5% from 2025 to 2027, with expectations of reaching breakeven by 2028 [6]. - The company is anticipated to capture 54% of the market share for advanced driver-assistance systems (ADAS) in China by 2027, leveraging local automotive chip advantages [6].

7月15日，优必选发布声明称，近期公司陆续接到多起举报，发现有不法分子冒用公司名义，通过微 信、抖音、小红书、百度贴吧、邮箱等多种渠道，以搭建虚假网站，建立"土豆群"等形式向用户推广一 款名为"优必选商业版"的APP，以扩展下线、返利投资等方式实施诈骗活动。公司已第一时间向公安机 关报案，并将坚决采取法律手段，严厉打击任何冒用公司名义进行诈骗的违法行为，追究相关人员的法 律责任。 ...

Investment Rating - The report rates the robotics industry as "Overweight," indicating an expectation for the industry to outperform the overall market [3]. Core Insights - The trend of robot companies achieving securitization is gaining momentum, with companies like UBTECH and Yujian listed on the Hong Kong stock exchange, and several component companies being acquired by listed firms [3]. - The transition from research and development to small-scale production is underway, with batch orders being placed, reversing previous pessimistic expectations regarding the commercialization of humanoid robots [3]. - Recent procurement results from China Mobile indicate significant orders for humanoid robots, totaling approximately 124.05 million yuan, aimed at various applications including education and healthcare [3]. - The report highlights the stabilization and recovery of the sector, with domestic robotics chains like Zhiyuan and Yujian leading the market [3]. Summary by Sections Industry Overview - The robotics industry is witnessing a shift towards commercialization, with several companies making significant progress in securing funding and orders [3]. - The report notes the involvement of major tech players like Huawei in promoting AI and robotics innovation [3]. Key Companies and Valuations - The report provides a valuation table for key companies, including UBTECH, Yujian, and others, detailing their earnings per share (EPS) and price-to-earnings (PE) ratios for the upcoming years [4]. - For instance, UBTECH's stock closed at 77.10 HKD with a projected EPS of -2.54 for 2024, while Yujian's stock closed at 58.35 HKD with a projected EPS of -0.24 for the same year [4]. Investment Recommendations - The report suggests focusing on domestic robotics chains, including main players like UBTECH and Yujian, as well as component suppliers such as Zhongdali and Shangwei New Materials [3]. - It also highlights the importance of the screw and reducer industry chain, recommending companies like Sanhua Intelligent Control and Siling Co., Ltd. for potential investment [3].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 UBTECH ROBOTICS CORP LTD 深 圳 市 優 必 選 科 技 股 份 有 限 公 司 承董事會命 深圳市優必選科技股份有限公司 本 公 司 謹 此 補 充，截 至 該 公 告 日 期，夏 先 生 合 法 實 益 持 有 合 共20,888,800 股股份。根 據 夏 先 生 於 該 公 告 日 期 提 供 的 自 願 性 承 諾 函（「該承諾函」）， 夏 先 生 承 諾，自2025年1月16日 起12個 月 內，其將不 以任何方式 減 持 其 持 有 的19,888,800股 股 份（佔 其 於 截 至 該 公 告 日 期 總 持 股 量 的 絕大部分）。自 2025年1月16日 起 至 本 公 告 日 期 期 間，夏 先 生 一 直 嚴 格 遵 守 該 承 諾 函 的 條 款。 – 1 – 截 至2025年7月4日 ...

UBTECH ROBOTICS CORP LTD 深 圳 市 優 必 選 科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立之股份有限公司） 夏佐全先生 周志峰先生 陸寬先生 （股份代號：9880） 董事名單及其角色與職能 深 圳 市 優 必 選 科 技 股 份 有 限 公 司（「本公司」）的 董 事 會（「董事會」）成 員 載 列 如 下。 執行董事 周劍先生 （董 事 會 主 席 兼 行 政 總 裁） 劉明先生 （職 工 代 表 董 事） 鄧峰先生 熊友軍先生 非執行董事 獨立非執行董事 何佳教授 姚新先生 董秀琴女士 熊輝先生 – 1 – 附 註： C 相關董事委員會主席 M 相關董事委員會成員 中 國 深 圳，2025年7月2日 – 2 – 董 事 會 設 有 五 個 委 員 會。下 表 詳 列 該 等 委 員 會 的 成 員。 董事委員會 董 事 審 核 委員會 薪 酬 與考核 委員會 提 名 委員會 ESG與 可持續發 展委員會 戰 略 委員會 周劍先生 M M C 劉 明 先 生 C 鄧峰先生 M 熊 友 軍先生 夏佐全先生 周志峰先生 陸寬先生 何佳教授 M C M 姚新先生 M M ...

（於中華人民共和國註冊成立之股份有限公司） （股份代號：9880） 選 舉 董事會主席、 總經理、副總經理、 首席財務官兼董事會秘書 及 董事委員會組成變更 茲提述 深圳市 優 必 選 科 技 股 份 有 限 公 司（「本公司」）日 期 均 為2025年6月 12日之公告及2025年第三次臨時股東 會（「臨時股東 會」）的 通 函（「通 函」）， 以及日期為2025年6月27日 有 關 選 舉 及 委 任 第 三 屆 董 事 會（「董事會」）董 事 （「董 事」）之 臨 時 股 東 會 投 票 結 果 公 告。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 UBTECH ROBOTICS CORP LTD 深 圳 市 優 必 選 科 技 股 份 有 限 公 司 – 1 – (i) 執行董事 周劍先生已 被重選 為本公司第三屆董事會主席 並已被選舉 為 本公司總經理； (ii) 本 ...